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Capital gains tax on property transactions
set for another postponementby Nikos Roussanoglou, ekathimerini.com, 25 November
2016

The introduction of the capital gains tax in property sales is to be postponed for another year, as the Finance
Ministry is preparing an amendment that will likely extend its suspension from end-2016 to end-2017.

The tax, voted into law in 2013, ran into a series of problems and has been repeatedly suspended.

Its non-application means the property market, which already contributes some 3.7 billion euros a year to the state
budget, will avoid the additional tax burden for one more year.

The Hellenic Federation of Enterprises (SEV) called on Thursday for a drop in property taxation, because as things
stand, the construction sector will be unable to recover.